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Feb 25, 2013
02/13
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we've seen over the past several years that the tech community in new york city has truly grown and our tech sector has arrived. we have over 900 tech companies in new york city that are 75% or more developed in the five boroughs. woo have another thousand that are based here. over 120,000 people are working in the sector. we thought it's important that the world is aware of this. we launched, we are made in new york, which is a website and it's a one-stop shop for all the programs and resources that you need to participate in the new tech eco-system and crucially, find a job. >> talk to us about the boom in the technology sector that you're seeing. what does it mean in terms of economic impact, certainly locally it has to be strong. >> to diversify the economy and one of the advantages to being in new york city, we have media, fashion, finance and real estate. and a lot of these are the systems that are driving the business models of the tech sector and of the next generation of start-ups. so it makes sense the companies are based here. 2012 was a fantastic year for tech in new york ci
we've seen over the past several years that the tech community in new york city has truly grown and our tech sector has arrived. we have over 900 tech companies in new york city that are 75% or more developed in the five boroughs. woo have another thousand that are based here. over 120,000 people are working in the sector. we thought it's important that the world is aware of this. we launched, we are made in new york, which is a website and it's a one-stop shop for all the programs and...
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Feb 8, 2013
02/13
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on the ground the meantime new york city under a blizzard warning at the moment. forecasters saying that we can expect anywhere from 10 to 15 inches of snow, and as the day has progressed we have also seen travel disruptioned increase. we looked at amtrak recently. it has suspended its northbound regional lines and the acela service between boston and new york, and also looking at some of the flight cancellations. according to flightaware.com. the latest number, 4,630 flights have been cancelled from yesterday, today and also for tomorrow as airlines try to get ahead of this storm. and, of course, there's an economic impact as well, but some economists have told me it could end up being a wash. you see people buying more ahead of the storm to stock you. we could see a whiteout shutting retailers down tomorrow, but at the end of the day it should be about equal. back over to you. >> jackie, thanks very much. let's check in on how the storm is affecting new york city itself. the weather channel's paul goodloe is there in times square. paul? >> well, here we've had a
on the ground the meantime new york city under a blizzard warning at the moment. forecasters saying that we can expect anywhere from 10 to 15 inches of snow, and as the day has progressed we have also seen travel disruptioned increase. we looked at amtrak recently. it has suspended its northbound regional lines and the acela service between boston and new york, and also looking at some of the flight cancellations. according to flightaware.com. the latest number, 4,630 flights have been...
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Feb 14, 2013
02/13
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the biggest yacht in the world. in new york city. we will show it to you. >> and first, though, what is coming up on the closing bell, bill? >> guys, we are going to follow the latest on carnival's pr nightmare. we have a passenger who is on board right now. we are talking to him on the phone. you won't believe what he has it say about conditions whaen and what he experienced above the triumph. >>> has can coke lost its fizz? is it better to take the pepsi challenge? >>> and james grant is back with us, issuing a dire warning about interest rates. why he says they could go a lot higher and soon. maria and i look forward to seeing you at the top of the hour. in the meantime, "street signs" is back right after this break. ♪ [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. this is the pursuit of perfection. >>> welcome back to "street signs." gold closing roughly $10 lower after touching an intraday low of 1636. if it breaks through 1630
the biggest yacht in the world. in new york city. we will show it to you. >> and first, though, what is coming up on the closing bell, bill? >> guys, we are going to follow the latest on carnival's pr nightmare. we have a passenger who is on board right now. we are talking to him on the phone. you won't believe what he has it say about conditions whaen and what he experienced above the triumph. >>> has can coke lost its fizz? is it better to take the pepsi challenge?...
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Feb 20, 2013
02/13
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some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> time for the power rundown. joining us is suze orman from the suze orman show on cnbc. great for you to spend time with us today. >> thanks, tyler. >> a minute 15, buck and a half, whatever you want. go for it. i know this is an area of interest and concern to you, a trillion dollars worth in outstanding loans at high interest rates for student loans. >> and this is what is sad. kids haven't been educated on what it means to take out student loans. they take more than they can afford to pay back. student loans are not dischargeable in bankruptcy. what is really getting bad is because after the credit crunch you couldn't get a private student loan. let's say you maxed out on federal loans and you needed more money, parent have been co-signing -- >> private. >> private student loans. biggest mistake, bar none. >> why? >> because there is no cap on interest rates. they have go to whatever they want to go. again, not dischargeable in bankruptcy. if students die be th
some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> time for the power rundown. joining us is suze orman from the suze orman show on cnbc. great for you to spend time with us today. >> thanks, tyler. >> a minute 15, buck and a half, whatever you want. go for it. i know this is an area of interest and concern to you, a trillion dollars worth in outstanding loans at high interest rates for student loans. >>...
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Feb 8, 2013
02/13
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atlantic city is the key word here. according to wells fargo, this could mean up to $850 million in a year in revenue. right now, the bill would be just for people living in the state to be able to gamble online. other states with legal online gambling could utilize the new jersey site. the more states that do this, the bigger the business could become for new jersey. atlantic city could use the boost. revenue down about 40% in just the last seven years. there is a little bit of concern about some lost tourism, but governor christie basically said, the cost benefit analysis just makes sense to get in, and get in first. coming up, we'll talk about the possible implications with professional sports. all leagues are against this. we'll chime in on what they have to say about it. >> internet gambling is already legal in europe. there are stocks that are already moving up in london on the basis they'll be able to capitalize on this. >> that is definitely true. thank you, simon. >> there is a mover in the gaining space. let's
atlantic city is the key word here. according to wells fargo, this could mean up to $850 million in a year in revenue. right now, the bill would be just for people living in the state to be able to gamble online. other states with legal online gambling could utilize the new jersey site. the more states that do this, the bigger the business could become for new jersey. atlantic city could use the boost. revenue down about 40% in just the last seven years. there is a little bit of concern about...
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Feb 27, 2013
02/13
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can on-line gaming in the garden state ris rekt atlantic city? facing competitor in d.c. and baltimore but the promise of on-line gaming should keep operators in atlantic city because they expect to pay off within five to ten years. >> you've got new jersey, the their state to legalize on-line gambling. who is the fourth state, fifth state and so on? >> that's good question. i think what you will see is because nevada and new jersey, this according to the people i spoke to, already have, you know, pretty strict regulations in line or in house, to regulate brick and mortar casinos, other states might partner with them. basically direct -- and there could be revenue sharing agreement. that's what you might see going down the road. >> got it. we should also mention as well, right, mary, this could be a huge win for zynga what ch has almost 40 million on-line poker players. i do believe the stock is moving up. currently up by 4.7%. thank you very much, mary. >> welcome. >> rally is marching on, folks. we are looking for bargain retail stocks to get in on, cat walk cake walk.
can on-line gaming in the garden state ris rekt atlantic city? facing competitor in d.c. and baltimore but the promise of on-line gaming should keep operators in atlantic city because they expect to pay off within five to ten years. >> you've got new jersey, the their state to legalize on-line gambling. who is the fourth state, fifth state and so on? >> that's good question. i think what you will see is because nevada and new jersey, this according to the people i spoke to, already...
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Feb 1, 2013
02/13
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how much is it worth to the host city? >> well, it's been estimated at anywhere $400 million to $600 million in terms of revenue that's generated. i think like here in new orleans i think they're over 5,000 media people here, alone. but you'll have more than twice as many people. i mean, if your stadium holds 75,000, you'll probably have 150,000 people in the city during that same period of time. but it's big, and the publicity you generate is just magnificent for the host city. >> is there money to be made for the -- but a lot of money goes to the league, i would think, right? how much of it does actually go to the team? >> andrew, most of it -- virtually all of it goes to the league. the team makes a little bit, not much. that's not tivation. the motivation is what it does for your city and for your fan base. it does help the local team in terms of generating support, sponsors view your brand as being stronger, and it's easier to sell sweets if you've got a super bowl coming up. so, there's some indirect benefits. but, d
how much is it worth to the host city? >> well, it's been estimated at anywhere $400 million to $600 million in terms of revenue that's generated. i think like here in new orleans i think they're over 5,000 media people here, alone. but you'll have more than twice as many people. i mean, if your stadium holds 75,000, you'll probably have 150,000 people in the city during that same period of time. but it's big, and the publicity you generate is just magnificent for the host city. >>...
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Feb 20, 2013
02/13
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kind of helped that on our shareholder resolution. >> you're the new york city comptroller. you can pick up the phone and have the direct dial to jamie dimon, i'm sure. have you had that conversation? >> they weren't interesting in entertaining the proposal so we have to go the shareholder route at the annual board meeting. >> jumping in here mandy drury from the mother ship. if i were the shareholder in swr pm, what would a potential split like that mean for me? would it actually benefit me? >> we believe so. we believe that stronger corporate governance is best for the long-term share value, and it could -- it could possibly prevent a kind of loss like what we saw with the london whale. $6 billion is a lot. even at the beginning of it, when it first came to light, the -- jamie in this case characterize it had as a $2 billion loss and originally called it a teachest in a teapot. obviously there are -- there are different objectives that management and investors have. the board represents investors. those interests are not always aligned with management which is why, again,
kind of helped that on our shareholder resolution. >> you're the new york city comptroller. you can pick up the phone and have the direct dial to jamie dimon, i'm sure. have you had that conversation? >> they weren't interesting in entertaining the proposal so we have to go the shareholder route at the annual board meeting. >> jumping in here mandy drury from the mother ship. if i were the shareholder in swr pm, what would a potential split like that mean for me? would it...
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Feb 13, 2013
02/13
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keynote address at the hair bonn investment conference here in new york city. the understatement of thor yao, he said he's a little bit obsessed with herbalife. he did spend most of his keynote on herbalife. he thanked carl icahn and dan lowe for making it a bigger story. and that the attention that it's getting means that regulators will pay more attention to it. he said the biggest risk in getting into the story is that regulators wouldn't focus on the company, but now it looks like they are getting that focus and that publicity was the key to that. he was addressing the question on the hong kong dollar, his major call last year. of course, we'll be monitoring this story. we saw that herbalife shares were trading lower on the back of some of these comments. going to take a break here. coming up next, afterhours action. we are on the earnings call for the latest developments on cisco. leon cooperman signs onto facebook and logs off of apple. we tackle the reasons you may want to friend social media stock, as well. be right back. >>> still to come on "fast," in
keynote address at the hair bonn investment conference here in new york city. the understatement of thor yao, he said he's a little bit obsessed with herbalife. he did spend most of his keynote on herbalife. he thanked carl icahn and dan lowe for making it a bigger story. and that the attention that it's getting means that regulators will pay more attention to it. he said the biggest risk in getting into the story is that regulators wouldn't focus on the company, but now it looks like they are...
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Feb 25, 2013
02/13
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tier one cities, the 25 million plus population cities, they're maturing. but the tier two and three cities, the stiffs that are only 10 million or 5 million populations, those are huge cities by western standards, there's a lot of growth going on there. the infrastructure growth in china's going on, they have 50 years of runway to come close to where europe and north america are right now. the chinese are thinking across multiple decades and generations. we're thinking across multiple decades and generations. we're not thinking about what's next week. so, we're building for the long-term. >> so, let me ask you, for your u.s. customer, which effects her most, stock market levels, employ or housing? what's the most relevant factor, or some other? >> from what we can understand, the behavior of the consumer, employment, number one. spousal partner employment number two, maybe housing as an indicator whether they have disposal income three, stock market doesn't seem to say, stock market's up today, i'm buying something tomorrow. i don't believe that's an influ
tier one cities, the 25 million plus population cities, they're maturing. but the tier two and three cities, the stiffs that are only 10 million or 5 million populations, those are huge cities by western standards, there's a lot of growth going on there. the infrastructure growth in china's going on, they have 50 years of runway to come close to where europe and north america are right now. the chinese are thinking across multiple decades and generations. we're thinking across multiple decades...
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Feb 8, 2013
02/13
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the city is effectively going to shut down. >> thank you so very much. steve. >> just seconds away from the data. in fact it's out now. rick santelli at the cme in chicago. rick the numbers. >> hello cow. 38.5 billion is the trade balance. that's a deficit. but it's under 40 billion. that is really shocking. the last time we were under 40 billion was november of 2010. so this is really a pretty big deal. we're expecting, you know, 8 billion wider deficit, and 46. and last month, had the most subtle revisions, we'll just call it a push. so you know, i'm going to have to ponder this. we know that there's a lot of foreign exchange going on in the world. most of it right now isn't free market driven, it's central bank printing driven. thinking this through, of course, is going to have big possibilities for strategic trades down the road. especially if the offshoot of what's going on potentially between europe, japan, maybe to a lesser extent china, is going to boost the value of the dollar. is that something that's going to help or hurt? how important is thi
the city is effectively going to shut down. >> thank you so very much. steve. >> just seconds away from the data. in fact it's out now. rick santelli at the cme in chicago. rick the numbers. >> hello cow. 38.5 billion is the trade balance. that's a deficit. but it's under 40 billion. that is really shocking. the last time we were under 40 billion was november of 2010. so this is really a pretty big deal. we're expecting, you know, 8 billion wider deficit, and 46. and last...
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Feb 20, 2013
02/13
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the man leading the charge, new york city comptroller john lear. >> how things are doing midday when the minutes of the fed's recent meeting eyeing the punch bowl. that spooked the market. the selling is intensifying when commod dids have been down sharply. dow down 76 the low of the special. down to 13,959. the nasdaq down over a percent, about 35 points at 3178. that was a 12-year high yesterday. and the s&p is back below 1525, a number a lot of traders keeping an eye on. down 14 points at 1516. will we see long-await all-time highs later this week? he asks. where did that come from. today's closing bell exchange, my old friend, kenny, and bob pisani joining us as well. frank, you're a big technical analyst and watched the charts and worried about market going higher as a lot of people. is this the beginning of a sell-off here, do you think? >> bell, actually i think your question is extremely well-timed. if you look at the s&p over the last few months, we've traced out a large rising wedge formation which is a five-wave structure, and that's a bearish distribution pattern. now ove
the man leading the charge, new york city comptroller john lear. >> how things are doing midday when the minutes of the fed's recent meeting eyeing the punch bowl. that spooked the market. the selling is intensifying when commod dids have been down sharply. dow down 76 the low of the special. down to 13,959. the nasdaq down over a percent, about 35 points at 3178. that was a 12-year high yesterday. and the s&p is back below 1525, a number a lot of traders keeping an eye on. down 14...
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Feb 28, 2013
02/13
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joining us now on the phone is tom delandcy, president of the borgata hotel casino in atlantic city. our panel is still with us. tom, thank you very much. is this going to save atlantic city? let's start there. they had a rough time. the casino business had a rough time. will online gambling save atlantic city? >> larry, i don't know atlantic city needs saving but online gaming is certainly going help. you know, we've lost some 40% of our gross gaming revenue over the last five years in atlantic city primarily to convenience gaming markets, you know. local casinos in pennsylvania and new york and delaware. so online gaming gives us the opportunity to really lead the way with what is the ultimate in convenience gaming. so we think it's a great opportunity and something that will help out. >> okay. look, i think this is a brave thing by christie myself. one of the big houses they just filed bankruptcy, a couple of gambling casinos were sold for peanuts. you do need something. i want to ask you how will this get that economy moving. in other words do you think people will move to atlant
joining us now on the phone is tom delandcy, president of the borgata hotel casino in atlantic city. our panel is still with us. tom, thank you very much. is this going to save atlantic city? let's start there. they had a rough time. the casino business had a rough time. will online gambling save atlantic city? >> larry, i don't know atlantic city needs saving but online gaming is certainly going help. you know, we've lost some 40% of our gross gaming revenue over the last five years in...
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Feb 22, 2013
02/13
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the new york city streets are horrible. >> you are so mean and cruel. >> but it's not just the maintenance of the current bridges and roads it's the need to build new bridges and roads, for example. the bridge or tunnel to connect new york and new jersey. >> david, here's the thing, what is the relationship between -- all right there's always going problems. keith is right. there's bad roads in new jersey and some in new york. how do we know what the spending should be and why should it all be federal spending. where is the state spending. where is the privatization. where is the toll booth spending you have for private companies the way they have it in indiana and some other highway states? >> well we have increased the toll booth spending over the last few years but still a relatively small share of the total. the feds contribute about a third. the states contribute about two-thirds of the total so most of the money comes from state gasoline taxes and other fees that the states impose. so together all of those contribute to the system that we now have. the upper level system, those the i
the new york city streets are horrible. >> you are so mean and cruel. >> but it's not just the maintenance of the current bridges and roads it's the need to build new bridges and roads, for example. the bridge or tunnel to connect new york and new jersey. >> david, here's the thing, what is the relationship between -- all right there's always going problems. keith is right. there's bad roads in new jersey and some in new york. how do we know what the spending should be and why...
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Feb 14, 2013
02/13
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some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> here is a real sizzle story. facebook billionaire mark zuckerberg is hosting his first political fund-raiser tonight. guess who it's for? new jersey governor chris christie, out of the left coast with all of those silicon valley folks. who would have thunk it. julia is live outside his house. >> good evening. the security is already tight. we have helicopters overhead. everyone is getting ready for the big event when zuckerberg invites his friends to meet chris christie. christie is raising his profile as a bipartisan leader ahead of his 2016 prospective run for president. this led tozuckerberg's $100 million education grant, which he announced on oprah. >> the main thing that i have to do is find people who are going to be really great leaders and invest in them. that's what we're doing here. we're setting up a $100 million challenge grant. >> zuckerberg has been doubling down on education philanthropy since then. he and his wife donated 18 million facebook shar
some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> here is a real sizzle story. facebook billionaire mark zuckerberg is hosting his first political fund-raiser tonight. guess who it's for? new jersey governor chris christie, out of the left coast with all of those silicon valley folks. who would have thunk it. julia is live outside his house. >> good evening. the security is already tight. we have helicopters...
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Feb 2, 2013
02/13
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the city has never looked better. and also on a jobs day i do want to note the unemployment rate in the city of new orleans right now is under 5%. so if anything could say they came back stronger, you could definitely say that about new orleans. although i will tell you that there are some pockets that still show the damaging effects of the storm 7 1/2 years later. >> well, okay. but it's still great news. and the low unemployment rate is great news. >> absolutely. >> now, i hate to do it to you, old buddy. but as you know, it's a very big part of the super bowl story. a lot of people are talking about it. has nothing directly to do with the super bowl. that's of course dan marino. he's part of the cbs team covering the game. has a love child. we learned that today. "the new york post" put the story on the front cover. i don't know if we have a picture of that or not. so i want to ask you, look, marino is a great hall of fame player. no question about that. what is this stuff going to mean? does it have any impact on
the city has never looked better. and also on a jobs day i do want to note the unemployment rate in the city of new orleans right now is under 5%. so if anything could say they came back stronger, you could definitely say that about new orleans. although i will tell you that there are some pockets that still show the damaging effects of the storm 7 1/2 years later. >> well, okay. but it's still great news. and the low unemployment rate is great news. >> absolutely. >> now, i...
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Feb 8, 2013
02/13
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mostly to the north of new york city. the latest on the storm path and at which sectors will be impacted the most. >>> first on cnbc, mattel meeting analyst. toy maker ceo will speak with us first on "power lunch" before he spokes with the street -- guess who's here? >> good to see you, ty. >> nice to see you. >> mother nature -- >> here at snowy cnbc headquarters. >> mother nature derailed my commute. but at least we are together in the snowy weather. >> that's right. barbie and ken of -- >> that's right. barbie and ken of "power lunch." first to the markets, we will put the storm aside for a couple of second. with today's gains, major averages wiped out losses for the week. that could of course change but if it does hold the s&p 500, the dow and nasdaq will have racked up gains in each of the first six weeks of 2013. bob pisani is down on the floor of the nyse. he did manage to get to the new york stock exchange exchange today. >> let me be blunt about it, sue, everybody at the new york stock exchange wants to go home.
mostly to the north of new york city. the latest on the storm path and at which sectors will be impacted the most. >>> first on cnbc, mattel meeting analyst. toy maker ceo will speak with us first on "power lunch" before he spokes with the street -- guess who's here? >> good to see you, ty. >> nice to see you. >> mother nature -- >> here at snowy cnbc headquarters. >> mother nature derailed my commute. but at least we are together in the snowy...
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Feb 7, 2013
02/13
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as the world outside of the new york city area. that said, what are risks. i'm looking at national weather service. wlart risks that this gets up high, upgraded into the new york city area. is there a chance we get absolutely dumb 7abs dumped on here? >> well, we see six inches. six inches is somewhat doable in new york city. at 12 and above, that's when things bog down. i even heard mayor bloomberg talk about this before. this is happening on a friday. the bulk of it on friday. but it is all about if that storm slows down, that's when we could take this number and push it back up. so that's the timing. again, timing on that is if the storm slows down into the sudden daytime frame and that means the tail end of the storm, rock land, rochester, put numb, that's when it goes up and up. you already have two feet, what's another foot, right? but with sizeable snow versus a damaging crippling snow, in terms of infrastructure, new york city is still on that time line. you will gome snow but the bull aeye that we have nailed down, we are
as the world outside of the new york city area. that said, what are risks. i'm looking at national weather service. wlart risks that this gets up high, upgraded into the new york city area. is there a chance we get absolutely dumb 7abs dumped on here? >> well, we see six inches. six inches is somewhat doable in new york city. at 12 and above, that's when things bog down. i even heard mayor bloomberg talk about this before. this is happening on a friday. the bulk of it on friday. but it is...
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Feb 7, 2013
02/13
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. >>> live from the nasdaq market site in new york city's times square, ooem melissa lee. bank bull market. can the momentum continue. her take on the changing face of wall street. david versus goliath. karen finerman has the fine prohibit on david iron horn's plan. and somebody's watching you. who is stalking you on the internet? let's get straight to our traders and the top trades of the day. guy, what was your top trade? >> hey, mel! thursday, big storm coming. >> big storm. brewing. >> but there as a storm brewing in the asset managers. raymond james. you have seen this stock? we talked about it for awhile. look at the growth in assets. aum is the name -- rjf is the name. i'm sorry. i don't know where my head went. >> no do-overs. it's live tv. >> b.k.? >> you know, what's not working, i don't think, are the bigger banks. barclays in particular. that's one i would be short. two things out of europe today, the ecb tip tauped into the fx wores and started to get worried about things we were worried abo about, i mean b.k. and brian. ltro loans being paid back and banks pa
. >>> live from the nasdaq market site in new york city's times square, ooem melissa lee. bank bull market. can the momentum continue. her take on the changing face of wall street. david versus goliath. karen finerman has the fine prohibit on david iron horn's plan. and somebody's watching you. who is stalking you on the internet? let's get straight to our traders and the top trades of the day. guy, what was your top trade? >> hey, mel! thursday, big storm coming. >> big...
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Feb 14, 2013
02/13
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for the second year in a row, the new york city department of environmental protection offered unusual valentine's day trip. a select number of lucky couples take on a tour of the city's wastewater treatment plants in brooklyn. highlights of the tour included romantic views of the sludge treatment area and a hike to the top of the plant's digester eggs. >> did that last year. so over that. >> all right. coming up next, the stocks our creators are courting this valentine's day, but first why traders karen and dan are at odds over a major financial firm. he'll deliver the most compelling argument. find out when "fast money" comes back. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine. [ engine
for the second year in a row, the new york city department of environmental protection offered unusual valentine's day trip. a select number of lucky couples take on a tour of the city's wastewater treatment plants in brooklyn. highlights of the tour included romantic views of the sludge treatment area and a hike to the top of the plant's digester eggs. >> did that last year. so over that. >> all right. coming up next, the stocks our creators are courting this valentine's day, but...
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Feb 8, 2013
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boston area, how fast does it come south and west through connecticut into new york city and the metropolitan area here? >> it's going the other way around. it's going to start -- new york city will be tomorrow morning, connecticut will be about midday, then boston mid afternoon and then again everybody just needs to be off the roads. if we can get everybody off the roads by noon tomorrow through noon on saturday, we're going to save a lot of people a lot of frustration because i'm telling you, when it's start snowing at two to three inches an hour, the plows can't keep up. all it takes is one bus to slide off the road and it's gridlock on the roadways. running out of gas and spending the night in a cold car, it's not fun. i never talked to anyone who said they wanted to do that again, spend the night in a cold car. >> take care of yourself. >> tonight we heard another dire warning from secretary of defense leon panetta about what would happen if the sequester cuts quick in. next and protesters interrupted confirmation hearings five times before cia director john brennan even finished his ope
boston area, how fast does it come south and west through connecticut into new york city and the metropolitan area here? >> it's going the other way around. it's going to start -- new york city will be tomorrow morning, connecticut will be about midday, then boston mid afternoon and then again everybody just needs to be off the roads. if we can get everybody off the roads by noon tomorrow through noon on saturday, we're going to save a lot of people a lot of frustration because i'm...
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Feb 5, 2013
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. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. magic kingdom. disney's been the happiest place on earth for investors. why mickey mouse is still a good bet. tech troubles. it's the worst sector so far this year. tom picks that benefit from the mobile revolution. and blackberry brawl. can the momentum continue for blackberry? dan and guy duke it out in a smartphone street fight. first, let's get straight to breaking news here. shares of hewlett-packard surging on reports that the board is studying potential breakup scenarios. jon fortt has the latest. fact or fiction here? >> melissa -- fact, but not extremely exciting fact. the business new side courts reporting this. not a lot new i see in this report, saying that the board is exploring a breakup of some divisions, among other scenarios to maximize shareholder value. doesn't seem they've ever stopped analyzing these scenarios. but the spin off of the pc business is something that meg whitman keeps ruling out. earnings call after earnings call. nothing clear anything about that ha
. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. magic kingdom. disney's been the happiest place on earth for investors. why mickey mouse is still a good bet. tech troubles. it's the worst sector so far this year. tom picks that benefit from the mobile revolution. and blackberry brawl. can the momentum continue for blackberry? dan and guy duke it out in a smartphone street fight. first, let's get straight to breaking news here. shares of...
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Feb 7, 2013
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new york city, the burling of your snow falling later in the day friday, into saturday. new york saturday, maybe six to 12, up toity rochester rock in putnam. maybe a foot or more. again, if the storm slows down, late saturday into sunday, looking at perhaps the largest dump of snow across the region. perhaps since october of 2011, it's been a while. but again winter of 2013, name some business with this storm. sue? >> yikes! and i thought that groundhog saw his shadow and we would have an early spring. guess not. thanks, paul. appreciate it very much. we should go to chicago because the weather will be much better there than it is here. hi, ricky. >> hi. i feel bad for you, sue. we've had very little snow in chicago this season and a lot less selling of traesh ris of late. look at the chart of ten-year. you can see we are now well under the 195. many traders calling it a pivot. why, ask you? this should explain. we are hovering at two-week lows and the pattern looks like more buying in treasury. not necessarily selling but equities figure and as do currencies, look at a
new york city, the burling of your snow falling later in the day friday, into saturday. new york saturday, maybe six to 12, up toity rochester rock in putnam. maybe a foot or more. again, if the storm slows down, late saturday into sunday, looking at perhaps the largest dump of snow across the region. perhaps since october of 2011, it's been a while. but again winter of 2013, name some business with this storm. sue? >> yikes! and i thought that groundhog saw his shadow and we would have...
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Feb 26, 2013
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kayla tausche covering auction across the river in new york city. kayla. >> hey, tyler, well, jamie dimon in the hot seat. remember last week some shareholders called for that role to be split. we haven't heard from him on that point yet. we have heard about management change. lots of turnover, half the executives presenting today were in different roles last year. he begs to differ say too much change saying a lot are jpmorgan vets. the big news on cost cuts. that's why a lot of people looking at the stock down today. the bank is targeting $1 billion in cost cuts. among the ways they are going to get there, 4,000 net head count reductions. we should note they are going to be a lot of head count reductions over the next two years in the consumer banking unit. there could be as many as 19,000 jobs cut with the majority of those in the mortgage banking department as the mortgage environment improves here. that's not to say the consumer bank is shrinking. we heard from chase consumer banking ceo or retail banking ceo and he said they will open 200 bran
kayla tausche covering auction across the river in new york city. kayla. >> hey, tyler, well, jamie dimon in the hot seat. remember last week some shareholders called for that role to be split. we haven't heard from him on that point yet. we have heard about management change. lots of turnover, half the executives presenting today were in different roles last year. he begs to differ say too much change saying a lot are jpmorgan vets. the big news on cost cuts. that's why a lot of people...
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Feb 27, 2013
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>> scott, atlantic city and its 12 casinos all winners. at least in the near term. second largest gaming market in the u.s., ac's $3 billion in revenue last year, 43% below the peak in 2006. any additional business is welcome. the two biggest players in the market to benefit the most from the addition of online players, caesars with four worked out but basically only licensed casinos will be able to run the jn line operations. to play, residents will likely to to register as they do in the uk where on-line gambling is legal. it will take another 6 to 12 months for it all to get up and running. pay-off? 1.5 billion added to fis al in 2015. uncertainty about demand in the garden state and questions about whether on-line betting will hurt the brick and mortar business and questioning whether on-line gaming is enough to save ac's casinos. new competition from properties on-line in baltimore and d.c. wi will hurt them. the state and casinos can't bet on that yet. back to you, scott. >> mary, thank you very much. we saw zynga get the nevada pop the other day pip think you
>> scott, atlantic city and its 12 casinos all winners. at least in the near term. second largest gaming market in the u.s., ac's $3 billion in revenue last year, 43% below the peak in 2006. any additional business is welcome. the two biggest players in the market to benefit the most from the addition of online players, caesars with four worked out but basically only licensed casinos will be able to run the jn line operations. to play, residents will likely to to register as they do in...
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Feb 21, 2013
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. >>> back over here, citi's chairman is not seeking a break-up of the bank. a story in today's wall street journal says michael o'neill was among those encouraging investors not to break up the bank. he is backing abroad cost cutting plans, but exploring a break-up is no longer said to be among his top priorities. >>> and top equity firm sports ing represents tennis players and lots of people including super model giselle bundchen. back in the day owned roger federer. the decision to sell has been driven by the trustee who own tess state of the former ceo and chairman. peemp say it could fetch mother than $2 billion, but there's a huge fight going on among the banks out there to represent this yield and so many of them thought they had the end because they had been with teddy for so long. they were friends with teddy, the trustee who runs this process. only knew teddy for the last two years of his life. so there are banks and bankers who said i've been blanking with him for 20 years. he was my best friend. i promised i would get the deal. but everybody is the
. >>> back over here, citi's chairman is not seeking a break-up of the bank. a story in today's wall street journal says michael o'neill was among those encouraging investors not to break up the bank. he is backing abroad cost cutting plans, but exploring a break-up is no longer said to be among his top priorities. >>> and top equity firm sports ing represents tennis players and lots of people including super model giselle bundchen. back in the day owned roger federer. the...
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Feb 21, 2013
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citi down 3% that the hour. look at the nasdaq, like in yesterday's selloff, the nasdaq felt the most pressure, seeing big cap technology under the most pressure again today. got microsoft, intel, apple amongst some of the biggest losers here, google holding onto its gains off the back of the two, price target rates from clsa, as well as bernstein, $1,000 a share. google surprising, up 1%. technology overall again weak. >> people may be looking for things like a going toll hold that 800 number as a tell as to whether or not we are going to slide further. more market reaction, bring in the president of platinum partners to talk about where we are, ari landers. welcome back. >> thanks. >> don't need to tell you how many things appeared to pile up against the bulls heart past 48 hours. much ado about nothing or not? >> not much ado about nothing. all the data this morning, which is nice, clearly the fed minutes were the most important thing. bernanke has been back stopping this market for months. if things are goin
citi down 3% that the hour. look at the nasdaq, like in yesterday's selloff, the nasdaq felt the most pressure, seeing big cap technology under the most pressure again today. got microsoft, intel, apple amongst some of the biggest losers here, google holding onto its gains off the back of the two, price target rates from clsa, as well as bernstein, $1,000 a share. google surprising, up 1%. technology overall again weak. >> people may be looking for things like a going toll hold that 800...
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Feb 20, 2013
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and the new york city pension funds. the proposal calls on jpmorgan to name an independent board chairman. jamie dimon now holds both the ceo and chairman role. it got what they're calling impressive 40% in favor. going to make another run at it. they said even a master of the universe can be swallowed by a london whale. >> listen, he's under continued pressure. they represent about $820 million worth of stock. not an enormous amount when you consider the market capitalization of jpmorgan. there may be momentum. >> the corporate governance splitting the two roles never gained the traction here in the united states as it has around the rest of the world. people still love to have a single figurehead in america, and someone they can rally around. it's a very different -- you know, the iconization of american business people is quite unique. >> our next guest actually may have something to say on that topic. one of the biggest names in shareholder activists recently pushing for the proxy fight going on. calling on diversifi
and the new york city pension funds. the proposal calls on jpmorgan to name an independent board chairman. jamie dimon now holds both the ceo and chairman role. it got what they're calling impressive 40% in favor. going to make another run at it. they said even a master of the universe can be swallowed by a london whale. >> listen, he's under continued pressure. they represent about $820 million worth of stock. not an enormous amount when you consider the market capitalization of...
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Feb 28, 2013
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the center of the u.s., it is cricket city. 37 in kansas city with clouds. 31 in minneapolis. and back out west we go, rain in seattle. and it, look like partly cloudy skies for much of central and southern california. now, what about travel? what can you expect today as you head out to the airways? at a couple of the airports, you could see some delays. minor delays delays expected in new york. the mix of travels. a mix of rain and is snow in spots lot of cleveland. there you go, guys. let's send it back to you in new york. >> reynolds, we were just talking about sorkin on the best dressed list and you may not be on it, but this is the guy that might replace it. loot him. >> thank you so much. >> you know what? i think he knew he was going to be back on squawk today. it's been a while and you said i'm going to be back on "squawk box." >> got the pocket square going. >> representing. >> and the hair is high .tight today, too, right? when was that done, yesterday? >> high and tight. my dad, god rest his soul, was a high and tight man. >> do you miss us on the days on -- >> ever
the center of the u.s., it is cricket city. 37 in kansas city with clouds. 31 in minneapolis. and back out west we go, rain in seattle. and it, look like partly cloudy skies for much of central and southern california. now, what about travel? what can you expect today as you head out to the airways? at a couple of the airports, you could see some delays. minor delays delays expected in new york. the mix of travels. a mix of rain and is snow in spots lot of cleveland. there you go, guys. let's...
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Feb 14, 2013
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plus, the other talking of the morning, why new york city mayor michael bloomberg, he wants to ban styrofoam. no more styrofoam. >> you know what i've seen, the new york city psa is about how you shouldn't drink sugar. there's a guy sitting there drinking 16 packs of sugar a day. >> you say that to a man my age, psa, and it's prostate -- >> the guy is drinking 16 backs of sugar and going, while they're drinking their soda. >> take a look at this. us airways ceo doug parker arriving at the airport in dallas just a few minutes ago. we're expecting an official announcement from amr on the usair merger. that's coming, we think, very, very toon soon. we're going to have that and a lot more when squawk returns. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> welcome back to squawk this morning. t let's take a look at futures. among th
plus, the other talking of the morning, why new york city mayor michael bloomberg, he wants to ban styrofoam. no more styrofoam. >> you know what i've seen, the new york city psa is about how you shouldn't drink sugar. there's a guy sitting there drinking 16 packs of sugar a day. >> you say that to a man my age, psa, and it's prostate -- >> the guy is drinking 16 backs of sugar and going, while they're drinking their soda. >> take a look at this. us airways ceo doug...
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Feb 7, 2013
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and the other one is you can't fight city hall. back to you, melissa lee. >> the man who never drinks the kool-aid next to a punch bowl, there's a joke in there somewhere. rick santelli, thank you. >> do you think i should have a punch bowl for my dinner party? >> the one that we're not invited too? i don't care what you have, simon, because i'm not inviteded. >> never mention on air you're having a dinner party because everyone you didn't invite hears you. i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex office to hold packages for us. great job. [ applause ] thank you. and on a protocol note, i'd like to talk to tim hill about his tendency to use all caps in emails. [ shouting ] oh i'm sorry guys. ah sometimes the caps lock gets stuck on my keyboard. hey do you wanna get a drink later? [ male announcer ] hold packages at any fedex office location. because what you don'tu know can hurt you.rance. hey do you wanna get a drink later? what if you didn'
and the other one is you can't fight city hall. back to you, melissa lee. >> the man who never drinks the kool-aid next to a punch bowl, there's a joke in there somewhere. rick santelli, thank you. >> do you think i should have a punch bowl for my dinner party? >> the one that we're not invited too? i don't care what you have, simon, because i'm not inviteded. >> never mention on air you're having a dinner party because everyone you didn't invite hears you. i wanted to...
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Feb 10, 2013
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the big flood is coming, we better start building the ark. >> new york city isn't the only city lagging behind in rising sea levels an not every problem can be solved by building walls. >> so here in boston you have the problem so many east coast cities are facing. we built the city on the water. >> steven flynn is a leading advocate for investigating big in projects that make the u.s. more resilient to disaster. >> on a scale of 1-10 how prepared are we right nowen the northeastern u.s.? >> on the scale oven with-10, we're in roughly a 3 range. >> 3? >> we have been whistling by the graveyard too long when it comes to dealing with a major weather event especially in the northeast. >> one place to start, he say, could be power grids and transit systems, critical yet storm vulnerable infrastructure that gives coastal cities life. >> americans basically have got themselves into thinking bad events are things somebody else is supposed to prevent from happening. >> prevent and pay for. take for example the choices now facing the people of breezy point. >> did these people have any protectio
the big flood is coming, we better start building the ark. >> new york city isn't the only city lagging behind in rising sea levels an not every problem can be solved by building walls. >> so here in boston you have the problem so many east coast cities are facing. we built the city on the water. >> steven flynn is a leading advocate for investigating big in projects that make the u.s. more resilient to disaster. >> on a scale of 1-10 how prepared are we right nowen the...
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Feb 10, 2013
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the the city of poston saw the snow reach 21 inches deep there. that is where a tragic accident happened. a teenager claimed into this car to get warm. the tail pipe was blocked, in the snow and the boy died in a matter of minutes. >> ems were coming out of the boy, at around this point, i got a look at his face. eyes rolled back in his head. i have seen that look before. >> this is part of the country recovering from hurricane sandy, one of the most devastating storms to hit the east coast. it isn't a new phenomenon, experts say our weather patterns are changing due to global warming. we dispatched a team of team of cnn reporters across the country and around the world to investigate, how bad can these storms become? and what can we do now to plan for the next big superstorm when it hits. >>> hurricane sandy threatening to unleash massive damage on the u.s. northeast. >> conditions are deteriorating very rapidly. >> certainly felt more rain, more wind, stronger gusts. >> i've never, in 26 years of forecasting, have seen anything like this. >> the
the the city of poston saw the snow reach 21 inches deep there. that is where a tragic accident happened. a teenager claimed into this car to get warm. the tail pipe was blocked, in the snow and the boy died in a matter of minutes. >> ems were coming out of the boy, at around this point, i got a look at his face. eyes rolled back in his head. i have seen that look before. >> this is part of the country recovering from hurricane sandy, one of the most devastating storms to hit the...
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the city streets. newark -- let me try that again, newark, new jersey, mayor, cory booker. roll it. tell me what you have seen so far on the streets of newark? >> the conditions are worsening. walked through all five wards of the city checking in on our crews we have out there as well as conditions on the street. a lot of stranded cars now. a lot of people out that shouldn't be. so it's just, you know, very perilous out there, and people need to understand that. stay indoofrs and hunker down for the night. conditions will be bad throughout the morning tomorrow. so this is not the time to take this lightly. very dangerous conditions, especially around motor vehicle accidents. and we also are on alert for possible power outages for newark if the wind starts to pick up. so i'm grateful for the hundreds of workers we have out there from law enforcement to folks plowing and salting streets. a lot of work ahead. >> as the sun will begin to rise in a couple of hours, that's when, as you mentioned, we will get
the city streets. newark -- let me try that again, newark, new jersey, mayor, cory booker. roll it. tell me what you have seen so far on the streets of newark? >> the conditions are worsening. walked through all five wards of the city checking in on our crews we have out there as well as conditions on the street. a lot of stranded cars now. a lot of people out that shouldn't be. so it's just, you know, very perilous out there, and people need to understand that. stay indoofrs and hunker...
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the snowstorm put the city that never sleeps in to a deep slumber. when is the last time you saw the streets of new york this empty? here's the snowplow. the first i have seen in about an hour. finally. but the snow is not too bad. it has been coming down a little faster at a pretty good clip. hard for some of the folks who are shoveling the area, hard for them to keep up with it. it continues to pile up here. who's up besides you and me, brooke, but lucas. everyone who passes was drunk. lucas is not, thank goodness. what were you doing tonight? >> hanging out with this girl right here. and we went to karaoke with friends. >> that's a good idea. karaoke -- >> it was a good night. so we decided to go sing, indoor, warm, away from the snow. >> so the snow didn't scare you from having a good time? >> obviously it is hard to take a taxi, but the subway is running so you can take the subway so that was a good option for us and decided to go out. >> we came from princeton. we are here for a friend's birthday and we are -- some of our friends are supposed t
the snowstorm put the city that never sleeps in to a deep slumber. when is the last time you saw the streets of new york this empty? here's the snowplow. the first i have seen in about an hour. finally. but the snow is not too bad. it has been coming down a little faster at a pretty good clip. hard for some of the folks who are shoveling the area, hard for them to keep up with it. it continues to pile up here. who's up besides you and me, brooke, but lucas. everyone who passes was drunk. lucas...
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Feb 18, 2013
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. >> that's something that new york cops can do, that's some what happens in the city here. but, paul, can a deli do that? can they stop and frisk you? >> well, yes and no. if sthey suspect that you're a shop lifter, there's rules that they can detain you until police arrive on the scene. they thought he was a shop lifter, patting him down until the cops got there. it's pretty stupid by a low-end employee and i think the store is going to be embarrassed by that. >> one of the things we'll never know, we don't know, the state of mind of the employee here. how can you really ever prove when it was a honest mistake or some kind of racial profiling? paul? >> you know, done prove that. and forest whitaker would have to start a whole lawsuit. and he played idi amin. he's a tough guy. i think he can survive this incident. >> given the gentleman that he is, he didn't even want to call the authorities for fear of having that employee lose his job. what a guy, huh? but it happens every day. it sheds a big light on it and sh-t shouldn't happen. because of this, perhaps it will happen l
. >> that's something that new york cops can do, that's some what happens in the city here. but, paul, can a deli do that? can they stop and frisk you? >> well, yes and no. if sthey suspect that you're a shop lifter, there's rules that they can detain you until police arrive on the scene. they thought he was a shop lifter, patting him down until the cops got there. it's pretty stupid by a low-end employee and i think the store is going to be embarrassed by that. >> one of the...
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new york city, at 14. that's a pretty good number. i believe that's probably right on the money. the big story here is we're going to have winds of 50 and 60. you may never see that snow. it maybe just drift 8, 10 feet high. >> winds at 50 or 60, that's unusual for a nor'easter like this, isn't it? >> it certainly is. this is a big storm. this has a pressure that was almost what sandy was as it made landfall. this is really a windy event, yeah. >> your biggest concern now is what? >> cars getted stranded on the road way. a couple inches, you think you're going to make it home, but you run into an accident in front of you. your car has to seat there for a couple hours until they clear the wreck. now you're in 8 inches of snow. thousands of people on the interstate. that's my biggest fear. >> a lot of folks stuck in the airports tonight. chad, thanks very much. we'll be right back. >>> special programmatic note to tell you about. 10:00, one of the deadliest attacks on troops in the afghan world when the taliban launched an attack at keating. the battle lasts 12 hours, the losses we
new york city, at 14. that's a pretty good number. i believe that's probably right on the money. the big story here is we're going to have winds of 50 and 60. you may never see that snow. it maybe just drift 8, 10 feet high. >> winds at 50 or 60, that's unusual for a nor'easter like this, isn't it? >> it certainly is. this is a big storm. this has a pressure that was almost what sandy was as it made landfall. this is really a windy event, yeah. >> your biggest concern now is...
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is the city, your city, totally prepared, ready for this? >> we're doing the best that we can, erin. one of the things that we've done is make sure to get the information out to everyone, let them know that it's a time to really be home, to be with your family, to give us an opportunity to really be on the roads trying to clear the roads. the snow is coming down, it's coming down pretty fast as you can see. and we've got a lot of work to do the next 24 hours. so we're asking everyone to please stay off the roads, let us do our job. fortunately we have a lot of good people out there tonight working. we're going to work throughout the night. >> mayor, i know one of the things that hurricane sandy which obviously affected your state as well as much of the mid-atlantic was power outages. i know now a lot of the snow that's coming down where you are, it's heavy, wet snow, the kind of snow that could bring down power lines. are you worried about mass power outages? >> that's actually a huge concern that we have, especially during the wintertime wh
is the city, your city, totally prepared, ready for this? >> we're doing the best that we can, erin. one of the things that we've done is make sure to get the information out to everyone, let them know that it's a time to really be home, to be with your family, to give us an opportunity to really be on the roads trying to clear the roads. the snow is coming down, it's coming down pretty fast as you can see. and we've got a lot of work to do the next 24 hours. so we're asking everyone to...
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Feb 16, 2013
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. ♪ tum tum tum tum tums so i used my citi thankyou card to pick up some accessories. a new belt. some nylons. and what girl wouldn't need new shoes? and with all the points i've been earning, i was able to get us a flight to our favorite climbing spot even on a holiday weekend. ♪ things are definitely looking up. [ male announcer ] with no blackout dates, you can use your citi thankyou points to travel whenever you want. visit citi.com/thankyoucards to apply. >>> welcome back. singer chris brown and drake, they are facing off in court over a nightclub brawl in new york city. tmz is reporting brown and drake have filed lawsuits in connection with a fight at new york city's w.i.p. nightclub last june. well, there's a suit against both singers for injuries he says he sustained during that fight. neither brown nor drake is accepting responsibility for it. they want a judge to make the decision who will pay if julian wins the lawsuit. >>> beyonce's hbo documentary "life is but a dream" premieres tonight 9:00 eastern time. but if you can't wait, oprah has a sneak peek an hour earlier
. ♪ tum tum tum tum tums so i used my citi thankyou card to pick up some accessories. a new belt. some nylons. and what girl wouldn't need new shoes? and with all the points i've been earning, i was able to get us a flight to our favorite climbing spot even on a holiday weekend. ♪ things are definitely looking up. [ male announcer ] with no blackout dates, you can use your citi thankyou points to travel whenever you want. visit citi.com/thankyoucards to apply. >>> welcome back....
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the city of plymouth itself, however, 90% of the homes and businesses are without power. so it is the sun is coming up, it's going to be a very long day for bostonians, but for now, people are staying home and staying off the roads and officials hope it stays that way. poppy, back to you in providence. >> reporter: absolutely, susan. i've been standing out here for far too many hours, folks. it's very cold, and there's plenty of snow for a while for you to play in. so don't worry about getting out. i want to take our viewers to the extreme weather center in atlanta to alexandra steele who has an eye on the entire situation. alexandra, what are you seeing? >> good morning, poppy. well, where poppy is, things are going to come to an end. beginning in new york city this morning. so let's just show you what we've seen thus far. hamden, connecticut, in new haven county, 34 inches of snow. madison right along the shoreline on 95, 32 inches, in new jersey, 15, worcester, massachusetts, 10, new haven at 24, islip, 11 inches and in new york city at central park, 8 inches thus far.
the city of plymouth itself, however, 90% of the homes and businesses are without power. so it is the sun is coming up, it's going to be a very long day for bostonians, but for now, people are staying home and staying off the roads and officials hope it stays that way. poppy, back to you in providence. >> reporter: absolutely, susan. i've been standing out here for far too many hours, folks. it's very cold, and there's plenty of snow for a while for you to play in. so don't worry about...
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during the course of the search for dorner, an officer involved shooting occurred in the city of torrance, during that incident which occurred at 5:15 this morning, officials received information that a vehicle matching the description of the suspect's vehicle had been seen in the area of one of our primary protection details. one of the people that was under the most serious level of threat. the lapd officers assigned observed a vehicle matching the suspect's vehicle driving down the street with the lights turned out. officers approached the vehicle. and an officer involved shooting occurred. the individuals in that vehicle were hit by gun fire. both were transported to a local hospital. one has a minor gunshot wound and is in the process of being released. the second person is in stable condition with two gunshot wounds. tragically, we believe that this was a case of mistaken identity by the officers. the hearts of the los angeles police department and my own go out to the families that lost loved ones due to dorner's criminal actions. anyone who sees dorner should contact 911. anyone w
during the course of the search for dorner, an officer involved shooting occurred in the city of torrance, during that incident which occurred at 5:15 this morning, officials received information that a vehicle matching the description of the suspect's vehicle had been seen in the area of one of our primary protection details. one of the people that was under the most serious level of threat. the lapd officers assigned observed a vehicle matching the suspect's vehicle driving down the street...
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back to the city? hundreds of hours of overtime were used to pay for the investigation. very, very wide manhunts in southern california. we don't know what's going to happen. could be a black eye on the already stained reputation of the lapd. >> we all know the manifesto that chris dorner wrote in terms of what he wanted to do. police say dorner also had a huge cache of weapons. what did they find? >> reporter: they found assault rifles, semiautomatic weapons. they even found ten silencers and a military grade-style helmet. this was a heavily armed individual. you read his manifesto, i did, too. he had every intention of carrying out this vendetta. and very violent -- violent spree of revenge. susan? >> nick, you were there, you felt the tension in l.a. you spoke with many lapd officers about how they were feeling during this manhunt for dorner. what was the most surprising thing that the officers said to you? >> i think most surprise thing was one lapd officer, we asked him about safety concerns, if h
back to the city? hundreds of hours of overtime were used to pay for the investigation. very, very wide manhunts in southern california. we don't know what's going to happen. could be a black eye on the already stained reputation of the lapd. >> we all know the manifesto that chris dorner wrote in terms of what he wanted to do. police say dorner also had a huge cache of weapons. what did they find? >> reporter: they found assault rifles, semiautomatic weapons. they even found ten...
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airbus referred to the tradition of beauty and charm in the release, describing why it picks the city for such a major investment, and airbus is right. you have seen some of the pictures. it is a really pretty town. america's first mardi gras, by the way, ever held in mobile. and the drive from the airport, about ten miles from the airport to the port, even past the strip malls that every town in america has, was truly pretty.
airbus referred to the tradition of beauty and charm in the release, describing why it picks the city for such a major investment, and airbus is right. you have seen some of the pictures. it is a really pretty town. america's first mardi gras, by the way, ever held in mobile. and the drive from the airport, about ten miles from the airport to the port, even past the strip malls that every town in america has, was truly pretty.
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and the rest of the city, the big digout. once these plows come down the streets it creates mounds on both sides and buries these cars. these two have been at it for an hour and a half. they probably have another hour or so to go. you can see it's just car after car after car that's buried. you've got snowplows and salters that are out on the roads trying to do what they can to make the conditions a little easier. last night you remember i was in this parking lot and i'm not sure if you remember i was talking to anderson cooper and this plower actually got stuck. he's back here today. he has completely reteemed himself. brian, i want to talk about some of the challenges you face being out on the roads trying to clear so people can get through. >> well, a lot of people are trying to clean their cars out and sidewalks and, you know, we're trying to keep it off the street and just getting around on the corners. >> the travel ban is still in effect so only emergency vehicles are out. but you can tell people how difficult the cond
and the rest of the city, the big digout. once these plows come down the streets it creates mounds on both sides and buries these cars. these two have been at it for an hour and a half. they probably have another hour or so to go. you can see it's just car after car after car that's buried. you've got snowplows and salters that are out on the roads trying to do what they can to make the conditions a little easier. last night you remember i was in this parking lot and i'm not sure if you...
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the city, all the way up into maine. now, we're not probably going to see a lot more snow in new york city, maybe 4, 6 more inches, but the big snow totals are going to be massachusetts, connecticut, rhode island, vermont, new hampshire, and maine, because that's where the low is centered. the low is off the coast here. the closer you are to the low, the more snow you'll get. that's what we have now. that's where the snow is. the snow is filling back into new york city, and ashleigh will get more snow tonight. not that much, but she will, and then this wind will be the event for tomorrow as that storm, we call it bombs out. it literally becomes so deep and so intense it will almost be the same strength, the same depth at what hurricane sandy was as it made landfall. the good news with this is that this storm is not going to make landfall. it's going to continue out into the ocean and move away. so maybe 6 to 10 more for albany. everywhere you see this pink, this is all the way from maine, even into nova scotia, back down
the city, all the way up into maine. now, we're not probably going to see a lot more snow in new york city, maybe 4, 6 more inches, but the big snow totals are going to be massachusetts, connecticut, rhode island, vermont, new hampshire, and maine, because that's where the low is centered. the low is off the coast here. the closer you are to the low, the more snow you'll get. that's what we have now. that's where the snow is. the snow is filling back into new york city, and ashleigh will get...
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the old wives tale that kids in the city thought his first name was mayor. they didn't know it was mayoed. they thought it was mayor koch, he was that big of a figure. >> after leaving city hall in january 1990, he started battling these assorted health problems. the job kept him spry and spunky. >> one of the bridges into new york city very recently named after mayor ed koch. a congressman before he ran for mayor. became mayor in 1978 and new york city having major economic problems and he helped bring it back. a fierce battle at one point with the transit union. a big subway strike. and he broke the subway union, won that battle and serve throughout the 1980s. >> another famous line, you punch me, i punch you back. i don't believe it's good for one's self-respect to be a punching bag. told it like it is. >> he played politics, and endorsed president obama the last presidential election, but not as loud of an an endorsement as some of president obama's people were hoping for. the words he spoke really were that important. >> mayor koch dead at the age of 88
the old wives tale that kids in the city thought his first name was mayor. they didn't know it was mayoed. they thought it was mayor koch, he was that big of a figure. >> after leaving city hall in january 1990, he started battling these assorted health problems. the job kept him spry and spunky. >> one of the bridges into new york city very recently named after mayor ed koch. a congressman before he ran for mayor. became mayor in 1978 and new york city having major economic...
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city crews are struggling to try and get it off the streets now. the snow will be falling for several more hours. meteorologist alexandra steele following all of this for us. good morning. >> good morning. you're right. two, three, potential four inches now. on the whole, probably two and three. this is the bull's eye. look at this, milford, connecticut, 38 inches of snow. can you believe it? new haven, 34. it wasn't just along the i-91 corrid corridor. along the corridor, 34. hamden, 34, madison, incredible 32 inches. again, it is coming to an end. we'll watch it come to an end from west to east. but connecticut potentially was the bull's eye, inches in the 30s. even on long island, stoney brook, 27.5 inches thus far. worcester, mass, 27.5. boston, 21. new york city getting about 11. big difference there. 11.4 in central park. paramus, new jersey, new jersey, vermont, new hampshire, everyone in on the action. up in long island, as well, long island, 30.3 inches. so certainly very substantial. no doubt about that. but the end is in sight. so the sn
city crews are struggling to try and get it off the streets now. the snow will be falling for several more hours. meteorologist alexandra steele following all of this for us. good morning. >> good morning. you're right. two, three, potential four inches now. on the whole, probably two and three. this is the bull's eye. look at this, milford, connecticut, 38 inches of snow. can you believe it? new haven, 34. it wasn't just along the i-91 corrid corridor. along the corridor, 34. hamden, 34,...